Suppose that Lena, who has an account at SunTrust Bank writes a check for $100 to José, who has an account at National City Bank. Use T-accounts to show how the balance sheets of each bank will be affected after the check clears.
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Suppose that Lena, who has an account at SunTrust Bank writes a check for $100 to José, who has an account at National City Bank. Use T-accounts to show how the balance sheets of each bank will be affected after the check clears.